Asian Paints Limited has issued a notice for postal ballot to seek shareholder approval for the appointment of Ms. Shubhlakshmi Dani (DIN: 02942138) as a Non-Executive Director of the Company, liable to retire by rotation.
Background and Resolution Details
The Board of Directors at their meeting held on 29th July 2026 had approved the appointment of Ms. Shubhlakshmi Dani as an Additional and Non-Executive Director with effect from 29th July 2026, subject to shareholder approval through postal ballot.
An ordinary resolution is proposed for her appointment pursuant to Sections 152, 161 and other applicable provisions of the Companies Act, 2013 read with the Companies (Appointment and Qualification of Directors) Rules, 2014 and SEBI Listing Regulations.
Voting Process and Timeline
The company has engaged National Securities Depository Limited (NSDL) to provide remote e-voting facility. The remote e-voting period commences at 9:00 AM IST on Tuesday, 11th August 2026 and ends at 5:00 PM IST on Wednesday, 9th September 2026.
The cut-off date for determining voting rights is Friday, 31st July 2026. Only members whose names are recorded in the Register of Members or Register of Beneficial Owners as of this date are entitled to vote.
The results of the postal ballot will be announced on or before 5:00 PM IST on Friday, 11th September 2026.
Director Profile and Details
Ms. Shubhlakshmi Dani is 51 years old with qualifications including Bachelor of Commerce in Finance from Sydenham College of Commerce and Economics, Mumbai, Diploma in Web Engineering from Arena Multimedia, and Diploma in Textile Designing from Rachana Sansad's Academy of Architecture.
She is the Whole-time Director of Shubhit Holdings Private Limited, an RBI-registered Non-Banking Financial Company. She is also co-founder of Life is Beautiful, a home and lifestyle brand, and leads philanthropic initiatives of Paramarth Charitable Trust.
Shareholding and Relationships
Ms. Dani holds 59,529 equity shares of face value ₹1 each (0.01% of paid-up share capital) as on the date of notice.
She is sister-in-law of Mr. Malav Dani, Non-Executive Director of the Company, and is a member of the Promoter(s) Group.
Remuneration and Terms
The appointment is as Non-Executive Director liable to retire by rotation. Remuneration will consist of sitting fees and commission as approved by the Board/Shareholders within maximum limits approved by shareholders.
Scrutinizer Appointment
The Board has appointed Mr. Makarand M. Joshi (Membership No.: 5533, CP No.: 3662), failing him, Ms. Kumudini Bhalerao (Membership No.: 6667, CP No.: 6690), Partners of Makarand M. Joshi & Co., as Scrutinizer for the postal ballot process.
Document Availability
The notice is available on company website (www.asianpaints.com), NSDL website (www.evoting.nsdl.com), and stock exchange websites (BSE and NSE). Relevant documents are available for electronic inspection by writing to investor.relations@asianpaints.com.